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, president obama wants more in the $1.5 trillion in tax hikes, but he has no plan -- or announced cuts in spending, why those tax hikes don't add up to anything meaningful an we'll talk with the ceo of cke restaurants, andy puzder and says, tax rates will stifle economic growth and our favorite doctors are here, to psychoanalyze the scandal that brought down the head of the cia. we are delighted to be joined, now, by the admiral james lyons, retired commanr of the u.s. pacific fleet. it is always good to have you with us. thanks for being here. >> nice to be back with you, lou. >> lou: let's turn, to first, the talking points. which, it seems that no one after general petraeus made it clear there had been changes in those talking points, the testimony before congress has been surveyed, and congressman mike rogers, the chair of the house intelligence committee, said, it has to be the white house, because everybody else has testified that they didn't. do you agree? >> i agree. and, in that deputy's committee i'm hurry thehite house representative and the national security, from the natio
's supporters to pressure congress to increase taxes on the wealthy by releasing a report estimating consumers could spend dplooerl $200 billion less in 2013 if no deal is reached. joining me now live from capitol hill is luke russert. luke, what are you hearing from senators regarding this? i note that chuck todd said we should expect some to go against the pledge. it's interesting to see what the house republicans say. >> that is the whole thing, tamron. sure, you're hearing the senate talking about moving toward a bipartisan deal. you're seeing concessions by folks like saxby chambliss and other folks, however, then tire debate comes down to negotiations between president obama and house speaker boehner. specifically what can he sell to the house republican conference. they've been very stubborn in terms of moving toward any significant raising of tax rates in order to garner revenue. we heard plans that they really do see a way forward with the combination of spending cuts, closing tax loopholes. this so-called vagueness we do not know the specifics oup, they're saying, folks, support this
's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that wo
tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small town on the tennesse/kentucky boader and it is a really great place to raise a family. my name is lloyd allard i was a chief officer in the special forces, i was in the army for 23 years. i have made 1400 parachute jumps. well, my experience in the military was varied. i spent a lot of time in iraq, a lot of time in kuwait. i did
you should think about it. it all depends on what my tax rate will be on the game that we will make. only in grover's imagination does such a response exist. it is quite another when republicans talk like this. >> i am not obligated on the pledge. the only thing i am honoring is the oath that i take when i am sworn in this january. >> the only pledge we should be making to each other is to avoid the coming brief. republicans should put revenue on the table. >> i would have signed -- i will not attack japan today. the world has changed. the economic situation is different. connell: the man behind this pledge, it sounds like, at least the storyline is, that you are losing your considerable influence within the republican party. >> well, first of all, our friend warren buffett a to get a confident ghostwriter. it is counterfactual and it is counter historical. in his imagination, warren buffett goes to talk to people to invest with him. you have money. you have earned money. if the federal government takes it away, they do not have money to invest with warren buffett. there is a warm b
, clinton, and the first george bush, moved away from a position no additional taxes. they all added revenues to deficit reduction. a significant amount of revenue. >> your colleague from georgia just this week said the following about that pledge not to raise any taxes. >> you know, that pledge i signed 20 years ago was valid then. it's valid now, but times have changed significantly.Ñi and i care more about this country than i do about a 20-year-old pledge. >> it is my view that the issue of taxes is the number one stumbling block to any kind of fiscal deal. that has to be resolved first before you can get to issues like sequestration. when you hear that from a colleague, does it say to you that there is room, and does the president do anything short of raising tax rates on the wealthy? is there anything short of that acceptable? >> well, you've got to raise additional revenues, including tax rates on the wealthy. >> those have to go up? >> they have to go up. there's ways of doing that. secondly, though, we've got to close some significant loopholes. for instance, the ones which
, a new report out today showing how tax hike fears could impact consumer spending during the all-important holiday shopping season. part 2, the president's plans to take the issue straight to the voters and campaign style appearances and the use of an army of campaign volunteers to sell his message on tax hikes. the hope, that the coalition that put president obama back in office will help him ramp up the pressure on congress to make a deal. joining me now, chris van hollen and also a member of the house budget committee, congressman, good morning to you, sir. >> good morning, craig. great to be with you. >> the national journal reporting that the president could hold events related to the cliff this week. what are you hearing? >> well, i think that's right. i don't think anything has been settled. there have been on going conversations, but obviously the discussion will heat up this week now that the thanksgiving is behind us. >> what does the white house hope to accomplish with these types of events? >> well, look, this was not a side issue in the campaign. throughout the last
back to work but the clock is ticking. unless lawmakers make a deal, automatic spending cuts and tax increases are just a matter of only a few weeks away for everyone. i'll ask a top member of the republican leadership if there's any room for serious compromise. >>> and if you own a home, deductions that save you money every year could be changing or simply going away. we're taking a closer look. >>> and ballpoint pens that hide poison needles and poison bullets. they sound like props in a cold war era spy movie. but they're part of a real assassination plot. we have details. i'm wolf blitzer. you're in "the situation room." >>> we're just 36 days away from the painful across-the-board spending cuts and tax increases people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected
an alternative minimum tax he had been talking about for the really wealthy. >> 30% or something. >> anybody from 1 to $10 million. also talked a little bit about raising the -- >> same thing he's been saying all along. >> he added that when it comes to who should be paying the higher taxes, he wants the threshold to be $500,000. >> and you see steven rattner on on talking about capital gains, deductions and things you've talked about a lot. >> time for the global markets report. ross westgate totally still confuse aed about thanksgiving and pilgrims. what was all the hoopla about? you celebrate boxing or something, don't you? like we lost a great boxer. is that what you celebrate? what is boxing day? >> boxing day, the day of a christmas. >> you wrap all your presents in boxes? >> i think it's something to do with all the presents. i'm not quite sure. >> yeah, put them in boxes. >> maybe. >> so you ignored our thanksgiving. but feeling okay again? >> yeah. you know, it's okay. it's all right. it's gone. now we can concentrate on the run up to christmas. and how much shopping we have to do. >> a
norquist's anti-tax pledge. saying they're open to letting revenues rise if democrats do their part in the budget talks. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i were in congress in 1941, i would have signed the declaration of war against japan. we're not going to attack japan today. the world has changed, and the economic situation is different. >> so peter king is telling us, mike barnicle, not only is he going soft on taxes, he's going soft on japan. >> i know. >> it's not just peter king on the taxes. it's a big step, don't you think? >> it's a big step. >> grover. yeah, grover's taking a big hit since the election. there's no doubt about it. i think john, you'd verify this. number of republicans, i've talked to a couple of united states senators who
the of consumers but will the possibility of higher tax slow them down? we'll talk with matthew shay of the national retail federation and john sweeney of fidelity investments. plus the holiday is over and the white house and congressional leaders try to make a deal. we'll ask our sunday panel if negotiators can reach a compromise to avoid the fiscal cliff. and a thanksgiving tradition, our power player of the week has me dancing with turkeys. all, right now, on fox news sunday. ♪ >> chris: and, hello again, from fox news in washington. on this holiday weekend, we are watching several major foreign policy developments from egypt, to gaza. to the continuing controversy over the benghazi attacks. here to talk about it all is senator john mccain, and, senator, welcome back to fox news sunday. >> thank you, chris, dancing with turkeys? >> chris: you have to wait until the end of the show to see. >> i thought we were doing that now! >> chris: president mohamed morsi, gave himself almost unchecked powers and sent thousands into the streets, the people who have been helping to topple hosn
to sign a pledge from somebody else. >> what they're talking about again is tax revenue and the house speaker has talked about it. mitt romney campaigned on it. >> lowering deductions and closing loopholes. >> eliminate or limit rather deductions and credits and exemptions. cutting out the exemptions and loopholes. >> grow this economy and engage in tax reform. >> simplify the code. >> ywhen you get divorced, thats what happens. ♪ >> welcome back after the thanksgiving holiday and all eyes are on the fast approaching fiscal cliff with republicans possibly maybe looking to make a deal. with the deadline now just 36 days away, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really i
and continue negotiations over the looming automatic spending cuts and tax hikes that could kick in at the start of the new year. the administration is out with a brand new report this morning showing how letting taxes go up for everyone just to protect the richest americans would cut consumer spending and slow growth by about a point and a half. according to the president's council of economic advisers, we would spend about $200 billion less next year because we would be paying more in taxes. consumer spending is about 70% of our gdp. up until now hundreds of republicans have been tied to the grover norquist-created pledge not to raise taxes. but current economic reality is setting in and conservatives are starting to stray with conditions. here is south carolina senator lindsey graham. >> ly violate the pledge, long story short for the good of the country only if democrats will do entitlement reform. >> that's a whole nother conversation. on the issue of taxes warren buffett has written an op-ed in "the new york
bipartisan consensus to raise taxes on the wealthy, the sides are still far apart on where the revenue will come from. staff level negotiations are a little bit more than stalled. not fully stalled but they didn't go so great last week and it's unclear where speaker boehner will get the votes for a deal that would raise tax rates. which is why he's pushing against that idea. two senate republicans up for re-election in 2014 have bucked norquist saying they are willing to let taxes ride. chambliss spoke to his hometown station. >> that pledge i signed 20 years ago was valid then. it's valid now, but times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. >> on sunday south carolina senator lindsey graham also broke ranks saying the norquist pledge can no longer be a conservative litmus test. >> when you're $16 trillion in it debt, the only pledge we should be making to each other is to avoid becoming greece. but i will violate the pledge, long story short, for the good of the country only if it democrats will do entitlement reform. >> b
sure raising taxes on the wealthy is part of the deal. politico is calling them cliff jumpers. l good morning to both of you. >> good morning. >> let me play a couple of clips to start out about the pledge. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you sign 20 years ago, 18 years ago, is for that congress. if i were in congress in 1841 i would have supported declaration of war against japan. i won't attack japan today. the world changed and the economic situation is different. >> i am not oblg gate on the pledge. i was just elected. the only thing i am honoring is the oath that i take when i serve when i am sworn in in january. >> chambliss already made a similar statement last week. the question is is this a real softening of positions? does it give them room to make deal. >> two things. first, let's look at the real room being created. so far i haven't heard anyone say i am willing to raise marginal tax rates as part of a deal. they're arguing with the head of the antitax coalition about whet
and tax hikes. well, now the white house releasing a new report building its case for a middle class tax cut. this comes as a national poll finds that 2/3 of americans surveyed believe politicians will act like spoiled children during fiscal cliff negotiations. while only 28% believe lawmakers can be counted on to behave like responsible adults. chief white house correspondent ed henry has the joy of living and reporting amongst the children. i'm not sure what that makes you but you are a chief white house correspondent so what is the latest? >> reporter: there is a still a little kid in all of us, jenna. the bottom line the negotiations are obviously reefing a critical stage. white house is trading to take advantage of cyber monday, retail holiday today to put out the report you mentioned to suggest retailers will take a particular hit if they face these automatic tax increases and spending cuts that will be kicking in at the end of the year if there is no action by the white house and lawmakers on capitol hill working together. bottom line here, republicans like jeff sessions, the budg
. >> the fiscal cliff sparks talks of compromise on capitol hill. >> without a deal spending consults and tax increases will kick in at year's end likely sending the country into another recession. >>> several republicans back away from a tax increase. >> if congress does nothing, which congress has gotten pretty good at doing these days we'll go over the fiscal cliff. >> we have to show the world we're adults. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into
putting limits on their no tax pledge and telling grover norquist to get lost. but remember, there's only one of those people in the houpts. >>> keeping home and change alive. president obama's aits are hoping to keep the campaign going and use their new leverage at the polls to bin the fight for higher taxes against the wealthy. >>> this is "hardball," the place for politics. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> get ready for some more partisan agendas in the state governments across the country. that's because some january at least 37 states will be under single party control. 37 of them. with one party holding both houses of state legislatures and the governorship. and that's the largest number of states under single part
grover norquist, condemning his pledge never to raise taxes. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> how's that for a profiling courage? senator graham is standing up to a pledge he made to an unelected official in charge of a group that most americans never heard of. a pledge that's 26 years old. but at least graham is voting to raise taxes on the wealthy. right? wrong. >> raises tax rates will hurt job creation so i agree with grover we should not raise rates. i will violate for the good of the country only if democrats will do entitlement reform. >> so he won't raise tax rates and entitlements need to be gutted. but that's more like it. let's see some more brave talk from the gop. >> i'm not obligated on the pledge. there's a menu of options on the revenue side and on the entitlement side and as long as there are two parties that are willing to solve this problem, this is a very easy thing to do technically. what it takes is political courage. >> guess
't act, if the president doesn't act, in unison, your taxes are going up come january 1st to help raise revenue to pay down the national debt. stay with me here for a moment because we'll show you exactly, you know, how much your taxes will be rising. but here's the thing. it doesn't have to happen, this predetermined jump in income taxes and the new parlor game on capitol hill is to pick the next republican, follow me here who is willing to break a no tax pledge made to a very powerful lobbyist, in order to cut a deal with the democrats to focus the pain of new taxes on the wealthy. see this picture? see these three guys. here is yet another republican speaking just this morning. >> i'm not obligated on the pledge. i made tennesseans aware i was just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> so republican senator bob corker is saying his oath of office trumps any no tax pledge made to washington lobbyist grover nor quist. republican saxby chambliss says he cares more about america and the fiscal mess we're in than h
to leave the agency. with the content congressional negotiations are the sequester and tax cuts to expire at the end of the year, tonight and prime time, focusing on the beginnings of the debt of the debate on the national debt. c-span will go back to august of last year to review some of the debate and is congress is from congress and the white house to run in the passage of the budget control act. the law created the automatic spending cuts to take effect in january along with some expiring tax revisions as part of the so- called fiscal cliff. it airs tonight it it o'clock eastern-- a o'clock here on c-span. >> in january, our first week we were sworn into office, the president ask for an increase in the debt ceiling. i made clear at that time there would be no increase in the debt ceiling without significant cuts in spending and changes to the way we spend the american people's money. shortly after that, i was in new york and gave a speech and outlined i thought the spending cuts should exceed the amount of debt limit increase and there should be no taxes as part of this agreement. whe
spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that con
mitchell live in washington. congress is back. grover norquist's tax pledge could be history. and all eyes are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the speaker does have to b negotiating a deal. >> i did a spit take with my fruity pebbles watching "morning joe" because eric cantor's tone was unlike anything i've ever heard. his office is saying oh, no, he's against raising marginal rates, but it's clear that in the scheme of things, the biggest piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i think it will
almanac had today. >> we want to know what taxes are going to be. there is a big -- one of the things i look at the charts every weekend. i'm pathetic. i have them delivered to my door. everything stops in the house. utility stocks are horrendous. i think that's people saying, look, dividend is going to -- >> 39.6 on your dividends will be a different story. >> have you seen those charts? they are the worst. >> i get them delivered as well of course. >> who doesn't? >> saturday morning i like to get up and look at my charts. >> i think we have something in common. i feel better. >> three tech companies known for their beaten down stocks are getting good news from the street today. facebook upgraded to outperform over at bernstein. cibc raising rimm and yahoo! added to the conviction buy list at goldman sachs. cnbc and yahoo! have a business alliance to share and co-produce editorial content. my favorite is rimm. >> i love that. >> the blackberry 10 is locked in for january 30th. they say the carrier feedback will become more clear and a lack of new competing devices -- not sure on what
Search Results 0 to 26 of about 27 (some duplicates have been removed)